Workforce planning is a process that ensures an organization has current and future access to the human capital it needs. It’s aligned with an organisation’s overall business goals and long-term vision. To assure that an organization has the right workforce plan in place, it needs to satisfy the four parameters mentioned below.

• Fitting Size relates to the number of vacancies. Maintaining the number of job openings to disrupt company slowdown.
• The accurate shape is having the required competencies today and tomorrow.
• Suitable cost is about reaching an optimum labor Too much will economically disrupt the company, whereas too little will result in work futility.
• Right Agility revolves around a workforce that is flexible and can adapt to changing market requirements.

With more innovations in HR tech coming to the light, we’re witnessing a gradual uprising in the technology that is reshaping our thoughts about HR and the way we work. Below are the few ways HR Technology can assist in Workforce Planning.

1) Using ATS to Transform the Recruitment Cycle

Sophisticated applicant tracking systems can save the HR lot of time and effort when it comes to strategic workforce planning. By analyzing which channels bring the best hires, the average candidate quality from different sourcing streams, and the outcome of internal referral campaigns, firms can prepare better for the future. It’s also easier to locate, screen, and on-board candidates with well-designed interfaces that keep everyone on the same page. The result is genuine insights that can help a firm direct its resources in the right manner, optimize their screening process, and remove the inefficiencies in on-boarding.

2) Making Compliance Efficient with Cloud-based Solutions

One of the major challenges for the HR is to stay updated with the compliance norms. The constantly changing laws and regulations frequently require a vast amount of paperwork and information. Cloud-based solutions have streamlined the process of compliance storage, which usually needed dedicated IT storage capacity. Companies that have employed cloud-based HR technology solutions have been able to navigate through these changes more effectively.

“Businesses that embrace technology for compliance will come out on top, with more attractive recruiting and retention efforts, as well as better working conditions that improve employee engagement and increase sales,” says Derek Jones, vice president of Enterprise Solutions.

3) Better Employee Engagement with Sophisticated Tools

Today’s employees want quickest and the most efficient way to connect with their peers and supervisors. There is a chance that employees feel less engaged within the organization when this is lacking, and ultimately the work they are tasked with completing.

By tapping into the power of HR technology with intranet solutions, chatbots, messaging applications, and connected project management platforms, HR tech presents employees simple and efficient ways to communicate with team members and the leadership.

4) Driving Employee Performance through Workforce Analytics

HR departments are now inclining on big data and analytics to help with employee engagement. There are countless platforms designed specifically for HR teams to collect ample amount of data that can be utilized to measure the progress of specific employees. This information is then shared with employees to highlight what’s working and what’s not working. Employees and HR Teams now have a strong understanding of company’s progress thanks to accurate data and analytics.

There is no doubt that by using the latest HR tech, firms can plan their workforce strategies better. Enabled with qualified analytics, every firm would be able to garner useful insights about their workforce in the future.